MG Developer and Baron Property Group Secure $148 Million Construction Loan From Post Road Group For Metro Parc

MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148 million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower apartment rental property located at 955 East 25th Street and 980 East 26th Street in Hialeah, Florida. Ayush Kapahi of HKS Real Estate Advisors procured the 30-month loan and Managing Director Dmitry Levkov and Executive Director Jeffrey Donelly of Colliers International’s Structured Finance Group arranged the financing.

Metro Parc is a 2.5-acre residential mixed-use development that will rise 10-stories and deliver 559 rental apartments ranging from 500 to 800 square feet. When completed it will be the tallest building in Hialeah. The property’s amenities will include co-working spaces, an outdoor kitchen, a pool, and gym as well as ground-level retail spaces, parking, and a Latin-inspired food marketplace. Construction for the community will commence in December 2022 and is expected to be completed in the second quarter of 2024.

“We are excited to partner with Baron Property Group and Post Road Group to bring Metro Parc to life. This project will mark the first of more to come for us in Hialeah and we are thrilled about the future we have planned in the City of Progress,” said Alirio Torrealba, CEO and Founder of MG Developer. “We are grateful to Baron Property Group, well-recognized for its more than two decades of experience in multifamily housing, for trusting in us to continue expanding their multifamily housing portfolio in this region.”

MG Developer’s acquisition of Metro Parc, its first multifamily project, in the fourth quarter of 2021 kick-started the company’s multifamily rental buildings division and long-term partnership with New York-based development company Baron Property Group.

“MG Developer has earned a stellar reputation for elevating communities, and that is exactly what we look forward to continue doing as we grow deeper into our partnership and build more impressive projects throughout South Florida,” added Matthew Baron, President and Founder of Baron Property Group.

“We believe Metro Parc is well-positioned to capture leasing demand in the bourgeoning Hialeah area and we are pleased to deliver a single-source, balance sheet financing solution to MG Developer and Baron Property Group,” added, Jason Carney, partner of Post Road Group. “This transaction aligns with Post Road’s investment strategy of financing strong developers seeking to establish cost-effective housing options in growth markets across the U.S and continues building our lending footprint in the Southeast.”

Metro Parc is conveniently located two blocks from the Metrorail and Tri-Rail Transfer Station, bringing a new chic urban lifestyle to the transient-oriented community. The site is also walking distance to Hialeah Medical Services and only a mile from Hialeah’s Arts District, which will soon become home to a vibrant cultural and entertainment scene featuring galleries, breweries, restaurants, shops and the expansive Amelia Earhart Park.

“We anchored our future in Hialeah with Metro Parc, and now we are committed to its growth and setting an enhanced standard of living while reimagining an entirely new community in Hialeah,” concluded Torrealba.

In addition to Metro Parc, this past August, MG Developer unveiled a new showroom for Gables Village, a luxurious 48-residence community in Coral Gables, spread amongst an expansive 17-lot area bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street. Gables Village will include townhomes, duplexes, lofts, flats that range size, from 1,750 to 3,100 square feet. The company also recently completed development of Althea Row, which nearly sold-out in less than 90 days. It expects to soon complete development of its Biltmore Square community with Biltmore Row, a stunning row of 10 exclusive townhomes featuring a total of 5,561 square feet each with classical design elements found in Spanish colonial architecture.

These development projects build upon MG Developer’s recently announced acquisitions of Merrick Parc and Alhambra Parc, developments that will, when constructed, consist of 450-luxury rental units in Miami and a mixed-use apartment community with ground-floor retail in Coral Gables, respectively.

The Continuum Company Launches La Baia North in Bay Harbor Islands

The Continuum Company has officially launched sales for La Baia North, a new luxury, boutique bayfront condominium in Miami’s exclusive Bay Harbor Islands. This project marks the latest in Miami for New York visionary and developer Ian Bruce Eichner, who is well known for developing the Continuum South Beach in Miami Beach’s exclusive South of Fifth neighborhood. The new luxury waterfront development will offer 57 expansive two-to-four bedroom residences, spanning between 1,400 to 2,100 square feet and starting at $1.3 million with boat slips also be available for purchase.

Bay Harbor Islands serves as the serene residential destination for discerning buyers seeking a calm and balanced approach to life. With the neighborhood itself separated from the bustle of the nearby metro of Miami, the city's numerous attractions are still within a short drive including premiere shopping and the beach, showcasing the best of both worlds. Due to its ideal waterfront location, La Baia North is designed for premiere outdoor entertainment and enjoyment. Complete with private boat slips along Indian Creek Waterway, the development offers 20,000 square feet of resort-style outdoor amenities, including over 8,500 square feet of lavish landscaping and open green spaces, an expansive poolside sundeck, heated soaking spas, and a sunset lounge with an accompanying fire pit. Additionally, La Baia North caters to those buyers with families looking for entertainment for their children, offering extensive family-friendly amenities including rooftop kids’ splash pad, dedicated kids’ play lawn, kids’ rooftop grill station for outdoor dining, kids’ rooftop hanging nest swings, dedicated study pod areas ideal for homework or tutoring, and outdoor rooftop kids’ tents.

“We are confident that La Baia will transform Bay Harbor Islands by bringing this new type of luxury to the area, an area with extensive untapped potential,” said Ian Bruce Eichner, founder of The Continuum Company. “The success of our South tower makes it evident that buyers are craving this type of elevated, waterfront product and we are thrilled to bring the North tower to market with its own added flair.”

The Continuum Company experienced great success with La Baia South, which launched sales in October and sold out in under six months. La Baia’s serene cove-like setting, well-appointed resort-style amenities, and spacious, airy feel contributed to the extraordinary sales velocity, outperforming the competition in the area's luxury condominium market. Buyers from the Northeast and other major metropolitans see the value the Bay Harbor neighborhood brings and are betting big on its future.

“Bay Harbor Islands is a prime real estate location for buyers looking for an escape and adventure all at the same time,” says Philip Gutman, President of PGutman LLC, who is leading sales for the development. “We are incredibly excited to bring the next iteration of the La Baia brand with our North tower to this particular vibrant, private community, and we anticipate it will transform the way we understand and experience luxury waterfront living.”

Offering the best-in-class residential destination, the exceptional development features architecture by the internationally acclaimed Luis Revuelta, landscapes and pool design by the renowned C. Wright Studios, interiors curated by Durukan Design, built by Suffolk Construction. The residences, with expansive floor plan choices, boast spacious private terraces with clear glass railings for unobstructed views, and a separate den/home office area for lounging and convenient remote working space.

Additional amenities at La Baia North include: dock-side pick-up and drop-off area; a 9,700 square foot rooftop amenity deck; residents’ Tesla program; two-hour access to drive a Tesla via the EV Mobility App; water sports launch dock with kayaks, inflatables and paddleboards; and more.

The project is slated to break ground Q4 of 2022.

SCAROFA Properties Breaks Ground On Luxury Residential Townhome Community In Pinecrest

SCAROFA Properties, a third-generation family business, has begun construction on Pine Park Villas, a luxury townhome enclave in the Village of Pinecrest featuring a limited collection of 18 residences. The private community is the unique vision of Stephane Rosarion, principal of Miami-based SCAROFA Properties, which is developing the $32 million project.

“We look forward to the completion of our first new luxury residential project in the Village of Pinecrest. Pine Park Villas represents the tranquility and exquisiteness of Pinecrest while at the same time setting a new standard for luxury townhome living,” said Stephane Rosarion of SCAROFA Properties. “When completed, Pine Park Villas will provide a sophisticated lifestyle that the most discerning residents will appreciate, including a private and enclosed community with direct access to renowned shopping districts like The Falls, and Dadeland Mall, as well as some of Miami’s best restaurants and entertainment venues.”

“This project is an excellent addition to our community which continues to be one of Florida’s most sought-after neighborhoods due to our top-rated schools, amenities, shopping venues and public parks,” said Joseph Corradino, Mayor of the Village of Pinecrest. “Like few other places, our city has been able to evolve while maintaining our character and enhancing our quality of life.”

The property encompasses more than two acres and will be marked by coastal contemporary architecture by MAS+ (Miami Architectural Studio). Slated for completion in 2023, Pine Park Villas, located at 7520 Southwest 100th St., is already proving to be a draw for well-heeled homebuyers who are singling out the property for its unparalleled location and sophisticated floor plans.

Berkshire Hathaway HomeServices (BHHS) EWM Realty, one of the nation’s leading luxury residential real estate companies, is the exclusive marketing and sales brokerage for Pine Park Villas. BHHS EWM top-producing team The Levy Group, oversees sales, with Adam Levy and Alexander Isaia leading the charge.

“Pine Park Villas is a rarity for the area, which has a limited collection of suburban multifamily residences,” said Patrick O’Connell, Senior Vice President of Business Development at Berkshire Hathaway HomeServices EWM Realty. “This will be the ultimate retreat for astute buyers looking to capture the best of both worlds.”

“The $10.4 million loan to SCAROFA Properties to build luxury townhomes in Pinecrest exemplifies what Ocean Bank is all about. We are a relationship driven bank and want to be part of our client’s story and journey to success,” said Ryan Welsh, vice president and manager of the Fort Lauderdale branch of Ocean Bank.

Starting at $1.67 million, all residences average over 3,500 square feet in size and will have four bedrooms, three baths, and two powder rooms, making them ideal alternatives to single-family homes. Comprising three stories with private elevators, each unit will be delivered turnkey, with buyers having the option to choose between three unique floor plans. Additional highlights include two-car garages, multi-level living spaces, ample bedrooms with walk-in closets, kitchens with Wolf and Sub-Zero appliances and designer, Italian cabinetry by Mia Cucina, and private rear yards. Pine Park Villas is conveniently located with access to downtown Miami, Coral Gables and Miami International Airport.

The general contractor for Pine Park Villas is JAXI Builders, Inc.; the architect is MAS+ (Miami Architectural Studio); interior design is by Michael Garcia-Carrillo from GC3 Group; and Ken Gardner from GSLA Design is the landscape architect. Ryan Welsh arranged construction financing for Pine Park Villas; Ocean Bank originated a $10.4 million loan. Roberto F. Fleitas III from Fleitas PLLC provided legal counsel.

Thomas P. Murphy, Jr. and the Murphy Family Receive Prestigious ULI Lifetime Achievement Award

In recognition for their decades of work building transformative, large-scale projects that have helped reshape the South Florida skyline, The Urban Land Institute Southeast Florida/Caribbean has presented Thomas P. Murphy, Jr. and the Murphy Family with the prestigious 2022 Lifetime Achievement Award.

The Lifetime Achievement Award honors the top leaders and visionaries whose lifetime of work has significantly shaped communities and changed the industry. The award ceremony will take place at ULI's annual Vision Awards, the organization’s signature event, on September 15th at the JW Marriot Marquis Hotel in Downtown Miami with over 700 confirmed real estate industry leaders in attendance.

Previous Lifetime Achievement Award recipients include: Craig Robins, Bernardo Fort Brescia & Laurinda Spear, Ricardo Glas & Luis Pulenta, Stephen Owens, The Legacy of Tony Goldman, The Whitman Family, The Graham Family, Armando Codina, and Jorge Perez among others.

“On behalf of the local District Council’s leadership, we are thrilled to present the 2022 Lifetime Achievement Award to The Murphy Family. The family’s work embodies our organization’s mission to shape the future of the built environment for transformative impact in communities,” Julie Medley, Executive Director, ULI SE Florida/Caribbean.

Award-winning Coastal Construction Group and the Murphy Family have been building projects throughout Florida for more than five decades making a profound impact on both the landscape and local economy, with a body of professional and civic work that has created thousands of jobs and opportunities for advancement for many in the land use industry.

Among the company’s distinguished portfolio are more than 60 hotels and resorts in Florida, including the Four Seasons Hotel and Residences at the Surf Club; St. Regis Resort & Residences Bal Harbor; Ritz Carlton Hotel South Beach; Faena Hotel and Residences; 1450 Brickell; Camillus House; Porsche Design Tower; Fendi Chateau; Oceana Condos; Residences by Armani/Casa; Aston Martin Residences; and The Plaza Coral Gables. In addition, the Company was the primary builder for Ocean Reef Club, Deering Bay Club, Miami Design District, Miami World Center and Water Street Tampa.

Coastal has built more than 50 million square feet of vertical projects spanning hospitality (62 hotels), all types of multi-family (over 18,000 units), education (over 50 schools, public and private), commercial and mixed-use projects. Today, Coastal has more than $3.5 billion in current work, and a 3‐year pipeline in excess of $12 billion with operations in Miami, Palm Beach, Naples, Orlando, Tampa, and the Florida Keys.

“My family and I are extremely proud to receive this recognition which would not have been made possible without the hard work, dedication and support of our entire team at Coastal Construction Group. On behalf of all us at Coastal Construction Group, I want to thank ULI for this tremendous honor,” said Thomas P. Murphy, Jr. Chairman and CEO Coastal Construction Group.

Murphy, Jr, began his career while attending the University of Miami, becoming the youngest person in Florida’s history to earn his contractor’s license at the age of 19. Soon thereafter, he dropped out of school and started his own company. Eventually, growing Seaboard Construction to more than 1,500 employees and before selling it to Turner Construction Company, the largest contractor in the U.S.

He later founded Coastal in 1989, and today, 54 years since his first project, the company has become one of the largest general contractors in Florida.

Today, his son’s Tom C. Murphy and Sean Murphy serve as Co‐Presidents, Patrick Erin Murphy, Executive Vice President and Mike Murphy, Vice President of QA/QC and there are 10 family members active in the company and hundreds of others who may not share the same surname, but share the same sense of pride and unabashed desire to build quality projects.

The Allen Morris Company, Xenel International and Principal Real Estate Investors Close On $57.2 Million Construction Loan For Osceola County Multifamily Development

The Allen Morris Company, Xenel International U.S.A. and Principal Real Estate Investors have closed on a $57.2 million construction loan for The Maxwell at Xentury City, a 311-unit multifamily development located in Osceola County. The loan is being provided by Regions Bank. The Maxwell at Xentury City broke ground in September and has a completion date set for the second quarter of 2024. The General Contractor for the project is Deangelis Diamond.

It will be the first residential phase of a larger 200-acre mixed-use development in Xentury City that will offer live, work, play offerings like first-class dining, entertainment, and now, a residential offering.

The 293,000 square feet community will contain five garden-style buildings with a total of 311 residential units and features world-class amenities throughout. The project site is adjacent to the Gaylord Palms Resort and Convention Center.

“We are very pleased to expand our relationship with Regions Bank for the construction loan of The Maxwell – Regions was steadfast throughout the process and provided a strong execution for the partnership,” said Spencer Morris, President of the Allen Morris Company.

“We are proud to be the Allen Morris Company’s lending partner to start construction on a project that will transform the area into a thriving multifamily destination,” adds Mercedes Montalvo, Senior Vice President, of Regions Bank.

“From our early conversations with Allen Morris, Principal Real Estate Investors gained a lot of confidence in being culturally aligned along with Allen Morris’ ability to execute on The Maxwell development plan. We have been watching this area of Orlando evolve and are excited to partner with the team they’ve put together as well as the opportunity to extend our relationship with Regions. Principal believes in the strong fundamentals within this market and looks forward to delivering a first-class multi-family community.” adds Rob Klinkner, Managing Director for Principal Real Estate Investors.

Dwell Design Studio, an award-winning architecture, planning and interior design firm, and Shim Studios as interior designer will spearhead the project.

The Maxwell at Xentury City is close to all the theme parks including Disney World and Universal Studios and has developed a major transportation network to access the site. The site is also 30 minutes from Downtown Orlando and 20 minutes from Orlando International Airport.

Miami Condo Developer Changing The Game

Miami is a mecca for global consumers seeking year-round sunshine, nightlife, and culture, framed by endless sophistication. From stunning scenery and pristine beaches, the Magic City is a feast for the senses.

While developers and hospitality visionaries are playing a prominent role making Miami the most photogenic and desirable city to live, work and play, an evolutionary approach to condo ownership is changing the real estate game, led by Harvey Hernandez, founder and CEO of Miami’s Newgard Development Group. Hernandez is betting on next-generation condos and his latest, LOFTY Brickell, delivers fully finished and furnished turn-key residences purposefully designed and licensed to be shared in the heart of Brickell, along the riverfront. 

Hernandez is known for creating signature towers with contemporary designs and a curated lifestyle in unbeatable locations – from Miami to Austin. LOFTY - scheduled to break ground later this year - is set to elevate city living to an art form, unlike anything Miami has ever experienced. 

“We recognize we’re in a state of tremendous transition, and increasing numbers of people are discovering they can live and work from anywhere,” says Hernandez, who has spent more than 20 years revitalizing high-end residential markets and developing innovative properties. 

With this increased demand, Hernandez is making strides with concepts like Natiivo Austin and Natiivo Miami. Both condominiums, which debuted four years ago, are the first towers created exclusively for flexible ownership and home-sharing – and set the precedent for developers to monetize units in a unique way. It is no surprise the two condominiums sold out completely before breaking ground, attracting buyers with its then-innovative concept. 

Today, Nativvo is accessible via all homestay platforms offering bespoke amenities, 24/7 services, and access to a proprietary app for owners to seamlessly manage personal use and third-party bookings. National demand for short-term rentals continue to boom, spurred by the freedom to work remotely, allowing Newgard to have dreamt up a successful concept before its time.

Now, with the addition of LOFTY to his portfolio, Hernandez is becoming one of the most talked-about developers, known for tapping coveted relationships with bold-faced names like Paulo Bacchi, CEO of Artefacto, for a first-ever branded PH collection.

He also partnered with internationally renowned multidisciplinary artist Carlos Betancourt to offer the first-ever NFT art collection designed for condo owners. 

“This significant investment in next-generation art aligns with our forward-thinking vision for the future of home ownership,” says Hernandez. “Whether our owners are already NFT collectors or new to the space, this first-of-its-kind offering will create memorable shared experiences for our residents while delivering added value to our buyer’s portfolios.”  

With a name synonymous with luxury real estate and decades of experience selling Miami, it is no surprise Cervera Real Estate is the exclusive sales and marketing agent for Nativvo and LOFTY. “It is truly an honor to partner with Harvey and help bring his vision to life,” says Alicia Cervera, managing partner. “We are excited to see the long-term impact of these game-changing towers.”

For more information about the property, please visit: https://www.loftybrickell.miami/

Electra America and BH Group Reveal Plans for $1 Billion Redevelopment of 80-Acre Southland Mall Site In Cutler Bay

Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami. The 80-acre, $1 billion redevelopment will be one of the largest projects of its kind in the Southeast and will be called “Southplace City Center.” The reinvention of the Southland Mall into “Southplace City Center,” a vibrant, mixed-use transit-oriented community with live-work-play options, promises much-needed relief for a city suffering from a major housing shortage

The new ownership team envisions a “city within a city” for living, working, shopping, and playing that will feature more than 4,000 residential units, over 500,000 square feet of curated retail, and exciting dining and entertaining venues at the existing mall, with an additional 150,000 square feet of prime retail space and outparcels for food and beverage operators. The phased redevelopment project will be a charming, self-contained community with abundant green space, bike and golf cart trails, walking trails, a trolley system, and easy access to public transit – specifically, the soon-to-open Miami-Dade SMART Plan mass transit route adjacent to the property.

The total project, to be completed over a seven-year time frame, is expected to create approximately 2,700 new jobs and generate $44 million in property taxes ad valorem revenue in the first five years ($6.1 million to Cutler Bay), and up to $491 million ($75.2 million to Cutler Bay) over a 20-year period. The developer’s plan is in accordance with the Town’s code and will not be seeking any special approvals.

“We’re delighted to work with the Town of Cutler Bay and its residents to breathe new life into a property that has been underutilized for decades, and in so doing, create thousands of new jobs, as well as help alleviate the housing crunch facing many Miami-Dade residents today,” said Ron Gaither, Chief Development Officer of Electra America. “Southplace City Center will provide a wide range of market-rate housing options, and its location close to major thoroughfares and mass transit, yet away from residential communities, minimizes traffic and facilitates the use of public transportation – two key priorities for this community. We’re looking forward to continuing working with the community to ensure this project reflects the values and character of Cutler Bay.”

“The future of this site is one that our residents deeply care about,” expressed Town of Cutler Bay Mayor Tim Meerbott. “Ensuring that this project aligns with our community’s vision and has a proper mix of use is extremely important to the Town Council and me. The site is ready for change and this project will check so many boxes on our community’s wish list—thousands of jobs, more restaurants, entertainment, and a fresh look, to name a few. We look forward to working with Electra America and BH Group to bring this important project to life, while keeping it consistent with the character of our beautiful Cutler Bay.”

The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. The site is conveniently bordered by the Florida Turnpike on the east and U.S. 1 on the west, placing it on major commercial crossroads in suburban Miami-Dade County, directly along the new South Corridor Rapid Transit Project, expected to open in late 2024. The corridor will provide a 20-mile mobility connection between Miami’s central business district and the County’s southern-most communities.

Specifically, the developer’s master plan calls for updating the existing 808,766-square-foot mall with cosmetic improvements and the addition of several new high-quality retailers; the phased development of 4,395 new market-rate apartments catering to a full spectrum of household budgets; the addition of several new retail and restaurant concepts, situated around a series of man-made lakes and open spaces; a new specialty grocer, a 150-key hotel, and 60,000 square feet of medical office space; and a terraced community amphitheater/bandshell. The plan also calls for a new vehicular entrance directly off U.S. 1, featuring a welcoming entrance square with a large fountain and extensive green space, along with a pedestrian bridge connecting the community to the new bus rapid transit stop. The entire community will feature bike and golf cart paths, pedestrian walking trails, and trolley stops to minimize the use of cars.

Ground-breaking on the first residential building is expected in mid-2023 and would deliver in approximately 18 months (early 2025), with rents starting at $2,500.

The project design team for Southplace City Center includes economic advisors Florida Economic Advisors, retail consultants CPH, master planner/designer MSA Architects Inc., landscape planner Insite Studio and civil/traffic engineer Kimley Horn.

Renderings via MSA Architects

The Ritz-Carlton Residences, Pompano Beach To Break Ground This Fall After Passing 75% Sold

The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.

Since launching sales in December, the reservation process has had an overwhelming response from buyers. Buyers at The Residences, Pompano Beach hail primarily from South Florida, the East Coast including New York, Chicago and Boston, and Canada. The outstanding sales and marketing success has been led by Harvey Daniels as Director of Sales alongside his on-site sales team.

“We could not have reached this incredible sales milestone without the help of our dedicated sales and marketing teams and our development division who have worked tirelessly to conceptualize a project that will transform luxury living in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The Ritz-Carlton Residences, Pompano Beach will offer a transformative lifestyle and incomparable experiences as Pompano Beach continues to flourish. We are thrilled to be part of The Ritz-Carlton's legacy which will forever transform the city.”

The 32-story Beach Tower offers a prime location on the sands of Pompano Beach and the 14-story Marina Tower provides an equally stunning location just across the street. Each tower highlights fully-finished residences with spacious floorplans boasting ocean and intracoastal views, Italian-designed kitchens with top-of-the-line appliances, laundry rooms with full-size washer and dryer, walk-in closets in all primary bedrooms, and service quarters in select residences. Penthouses feature lush garden terraces, a luxurious private pool, a summer kitchen and stunning 360-degree views of the Atlantic Ocean. Remaining inventory within each tower showcases incredible floor plan options as each residence on-property has been thoughtfully designed with resident experience in mind.

“The Ritz-Carlton Residences, Pompano Beach are one of the most highly amenitized properties in South Florida with over 35,000 square feet of expansive indoor and outdoor amenity space across both towers which will provide for a truly unmatched experience for residents,” said Harvey Daniels, Director of Sales. “As South Florida’s best kept secret, there is an increasingly high demand for new, luxury residences in the heart of Pompano Beach. We have experienced tremendous sales success since the property’s inception which is a major testament to the demand for high-quality, luxury living in South Florida.”

Meticulously designed by Revuelta Architecture International with interiors and landscape architecture by world-renowned Piero Lissoni, The Ritz-Carlton Residences, Pompano Beach will offer an expansive array of over 35,000 square feet of curated amenity space. Amenities include a Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience. The property will also include Guest Suites available exclusively for friends and family of residents with access to services and amenities. Homeowners at The Ritz-Carlton Residences, Pompano Beach will receive unwavering commitment to service and Ritz-Carlton benefits without the transient use.

Renderings via DBOX and Berga & Gonzalez

For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:

Rosso Development Celebrates The Grand Opening of The Standard Residences, Midtown Miami Sales Gallery

Developer Carlos Rosso and Standard International Executive Chairman Amar Lalvani hosted a cocktail event at The Standard Residences to celebrate the brand-new sales gallery in Midtown, Miami and the start of contract conversions. Attendees included future resident and NBA star Hassan Whiteside, Douglas Elliman CEO Jay Parker, Arquitectonica’s Raymond Fort, Urban Robot Associates’ Giancarlo Pietri and PROFILEmiami co-founder Demetri Demascus. True to form, the iconic hospitality brand offered a preview to what will come at the residences, including a multimedia installation from Oolite Foundation artist Jen Clay that will live in the building's shared spaces, a live art display by Juan Rozas, and an experiential poetry machine by O, Miami–a tribute to the project’s engagement with the community.

Being brought to life by hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Midtown Development, the first-ever The Standard Residences in Midtown Miami are already 70% reserved. The 12-story property blends culture, community and style with the world-class design, amenities and service that The Standard brand is known for–which to date has only been available at its hotels.

Located in the heart of Midtown, Miami’s most walkable neighborhood, the building is centrally positioned between The Design District and Wynwood and will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms. The Standard Residences, Midtown Miami has tapped the industry’s best talent for this debut, including architecture by award-winning Arquitectonica, interiors by Urban Robot, and Naturalficial for landscape design.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors including a lushly landscaped rooftop with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London. Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The sales gallery is located at 3252 Buena Vista Blvd. Suite 102, Miami.

Shoma Group Launches Condo Sales At Shoma Bay In North Bay Village

Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. The 2.8-acre mixed-use development will be anchored by a 36,068-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and a Shoma Bazaar food hall. ISG World, led by principal and owner Craig Studnicky, is the exclusive brokerage for the property’s condos. Prices start at $400,000.

“North Bay Village is an extremely desirable location in Miami thanks to its fantastic water views on all sides, rich history and proximity to the beaches, the Design District and Bal Harbour,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “There is incredible demand to live in South Florida and we are meeting this demand by creating brand new condos and a city-within-a-city community where residents will have top notch dining, shopping and entertainment at their doorstep.”

The condominiums at Shoma Bay will range from 360-square-foot furnished studios to 1,447-square-foot three-bedroom units. They will offer striking water views of Biscayne Bay, modern appliances with sleek finishes, and floor plans designed to maximize efficiency and comfort, as well as close proximity to nearby shopping, dining, and school options. Amenities at Shoma Bay include a resident lounge and bar, spa, fitness center with Technogym equipment, pet spa and kids club, as well as a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay with a pool, cabanas, and summer kitchen. There also will be a library, a 2,600-square-foot coworking business lounge, a sky lounge with a bar and areas for gaming and movie watching, assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces. The Shoma Bazaar food hall will also be surrounded by bay views for a stunning dining setting.

“Miami is seeing an incredible demand for communities offering new, highly amenitized, and high-quality condos with views of the Biscayne Bay and Atlantic Ocean,” said Studnicky. “Shoma Group has a proven track record of identifying underappreciated and undervalued submarkets and meeting demand with brand new, thoughtfully designed communities that attract new life and investment. North Bay Village has long been one of Miami’s best kept secrets and we’re already seeing a surge of buyers who are extremely eager to be part of it.”

Shoma Bay was designed by MSA Architects with interiors by renowned designer Adriana Hoyos. Both designers worked with North Bay Village’s historic legacy and art-deco style in mind, paying homage to its popular restaurant and nightlife scenes in the 1950s and 60s. It will rise on the site of what once was Rat Pack crooner Dean Martin’s nightclub in the 1960s and 70s.

"North Bay Village has a rich history that's just one facet of what makes it so unique, and we are thrilled to have a hand in its next chapter,” said Stephanie Shojaee, President of Shoma Group. “We are excited for Shoma Bay to offer not only an exceptional place to live but also an essential amenity with fantastic dining and entertainment experiences for all residents of North Bay Village to enjoy."

Shoma Bay is located at 1850 John F. Kennedy Causeway, North Bay Village, FL 33141. It is slated to break ground early next year and take 18 months to complete.

Renderings via Shoma Bay